Shillzz Posted October 10, 2013 Share Posted October 10, 2013 Well, this is making me feel about as proud of myself as Donnie's £11k of savings did. Link to comment Share on other sites More sharing options...
LondonLax Posted October 10, 2013 Share Posted October 10, 2013 I have friends who work for banks and take a compulsory two-week break. They were told it was to reduce fraud. Was it ever explained how it reduces fraud? I can't remember but I think it was to do with people being unable to cover their arses during an extended break. It would be interesting to know if that actually worked. I can't but help think there would be have been plenty of fraudsters over the years who enjoyed taking long expensive holidays without worrying about being caught. Similarly, I can't imagine many potential fraudsters thinking "if only I could take holidays of 9 days or less, I could make some serious money". It may have been one of the FSA's hair-brained ideas. The rule was brought in after Nick Leeson brought down Barings bank (as portrayed by Ewan McGregor in the film 'Rogue Trader') back in the 90s. All banking staff dealing with trading have to have 2 consecutive weeks off with another employee taking over your trades. That way, hopefully your replacement will notice any dodgy trades going south during those 2 weeks and can put a stop to it before it gets out of hand. Link to comment Share on other sites More sharing options...
dont_do_it_doug. Posted October 10, 2013 Share Posted October 10, 2013 6.3 inches... Wait, we're not actually doing that then? 1 Link to comment Share on other sites More sharing options...
Meath_Villan Posted October 10, 2013 Share Posted October 10, 2013 I have friends who work for banks and take a compulsory two-week break. They were told it was to reduce fraud. Was it ever explained how it reduces fraud? I can't remember but I think it was to do with people being unable to cover their arses during an extended break. It would be interesting to know if that actually worked. I can't but help think there would be have been plenty of fraudsters over the years who enjoyed taking long expensive holidays without worrying about being caught. Similarly, I can't imagine many potential fraudsters thinking "if only I could take holidays of 9 days or less, I could make some serious money". It may have been one of the FSA's hair-brained ideas. The rule was brought in after Nick Leeson brought down Barings bank (as portrayed by Ewan McGregor in the film 'Rogue Trader') back in the 90s. All banking staff dealing with trading have to have 2 consecutive weeks off with another employee taking over your trades. That way, hopefully your replacement will notice any dodgy trades going south during those 2 weeks and can put a stop to it before it gets out of hand. leeson must feel hard done by with the stuff bankers recently got away with 1 Link to comment Share on other sites More sharing options...
brommy Posted October 10, 2013 Share Posted October 10, 2013 I have friends who work for banks and take a compulsory two-week break. They were told it was to reduce fraud. Was it ever explained how it reduces fraud? I can't remember but I think it was to do with people being unable to cover their arses during an extended break. It would be interesting to know if that actually worked. I can't but help think there would be have been plenty of fraudsters over the years who enjoyed taking long expensive holidays without worrying about being caught. Similarly, I can't imagine many potential fraudsters thinking "if only I could take holidays of 9 days or less, I could make some serious money". It may have been one of the FSA's hair-brained ideas. The rule was brought in after Nick Leeson brought down Barings bank (as portrayed by Ewan McGregor in the film 'Rogue Trader') back in the 90s. All banking staff dealing with trading have to have 2 consecutive weeks off with another employee taking over your trades. That way, hopefully your replacement will notice any dodgy trades going south during those 2 weeks and can put a stop to it before it gets out of hand. With the emphasis on 'hopefully'! I still suspect there have been those not caught out by a long holiday and those who have been caught out whilst off for a day, so I'm calling it unnecessary. It also appears to have unnecessarily expanded beyond those with genuine trading responsibilty. Link to comment Share on other sites More sharing options...
villarule123 Posted October 10, 2013 VT Supporter Share Posted October 10, 2013 What next? A post a pic of your house thread? How much are your parents worth? Link to comment Share on other sites More sharing options...
Meath_Villan Posted October 10, 2013 Share Posted October 10, 2013 What next? A post a pic of your house thread? How much are your parents worth? sound like a plan now just give me your bank details Link to comment Share on other sites More sharing options...
tonyh29 Posted October 10, 2013 Share Posted October 10, 2013 What next? A post a pic of your house thread? Houses surely 2 Link to comment Share on other sites More sharing options...
peterms Posted October 10, 2013 Share Posted October 10, 2013 What next? A post a pic of your house thread? Houses surely Assets, Tony. They're not houses, still less homes, they're assets. Exponential increase in wealth, in return for no work whatever. The rentier society, a countrywide Ponzi scheme. What every hardworking family wants? The basis of a sound economy? These new Conservative values seem to me to be utterly opposed to those of the Conservative party of Iain Macleod and others of the sensible persuasion. 1 Link to comment Share on other sites More sharing options...
Spoony Posted October 10, 2013 Share Posted October 10, 2013 Well when Sultan Hassan bin Ali al-Mohammed bin Salem's payment comes in I'll have about $10,000,000 (minus the £3,000 of admins costs obvi) 1 Link to comment Share on other sites More sharing options...
The Fun Factory Posted October 11, 2013 Share Posted October 11, 2013 This thread is gathering a lot of interest. A thank you. What next? A post a pic of your house thread? Houses surely Surely Villa's?! Link to comment Share on other sites More sharing options...
Avflife Posted October 11, 2013 Share Posted October 11, 2013 One million Ugandan dollars I'll just need your sort code and account number. Link to comment Share on other sites More sharing options...
AVFCforever1991 Posted October 11, 2013 Share Posted October 11, 2013 One million Ugandan dollars I'll just need your sort code and account number. 1 Link to comment Share on other sites More sharing options...
Avflife Posted October 11, 2013 Share Posted October 11, 2013 One million Ugandan dollars I'll just need your sort code and account number. Jokes aside I have enough to cover my bills etc. away days with Villa and the odd day out. 1 Link to comment Share on other sites More sharing options...
TrentVilla Posted October 11, 2013 Moderator Share Posted October 11, 2013 I keep all my money in a shipping container in Russia, I really hope nobody spots it. 1 Link to comment Share on other sites More sharing options...
villaajax Posted October 11, 2013 Share Posted October 11, 2013 To be quite honest, I have more than double Donnie's savings. Yeah, take that! 1 Link to comment Share on other sites More sharing options...
PieFacE Posted October 11, 2013 VT Supporter Share Posted October 11, 2013 (edited) What next? A post a pic of your house thread? How much are your parents worth? I was actually tempted to start a VillaTalk "Battlestation" thread similar to the one on Reddit. But decided against it. EDIT: I really don't think Donnie was trying to rub it anyone's face with his savings. It was just a simple question imo. Edited October 11, 2013 by PieFacE Link to comment Share on other sites More sharing options...
coda Posted October 11, 2013 Share Posted October 11, 2013 So if you bought £1000 Royal Mail shares which have gone up 36% how much do they take out of your 'winnings' for transaction fees etc? Can you flog them right away? Link to comment Share on other sites More sharing options...
tonyh29 Posted October 11, 2013 Share Posted October 11, 2013 (edited) coda, on 11 Oct 2013 - 10:39 AM, said:coda, on 11 Oct 2013 - 10:39 AM, said:coda, on 11 Oct 2013 - 10:39 AM, said: So if you bought £1000 Royal Mail shares which have gone up 36% how much do they take out of your 'winnings' for transaction fees etc? Can you flog them right away? if you applied for £750 - £10,000 you got 227 shares So I've made £249 in half an hour , in theory Can't actually sell them until the 15th .... I'll have a look in the meantime to decide if I want to hang on to them or buy more etc more interesting for me will be that Halifax took all the money I wanted to invest on Tuesday and probably wont return the surplus until Monday .... if it's the same for all the share dealing companies then they are sitting on a backet load of peoples money for around a week .. wonder what sort of return they get on all that money Edit: Halifax have already credited my account with the left over money ..how did I ever doubt them Edited October 11, 2013 by tonyh29 Link to comment Share on other sites More sharing options...
coda Posted October 11, 2013 Share Posted October 11, 2013 coda, on 11 Oct 2013 - 10:39 AM, said:coda, on 11 Oct 2013 - 10:39 AM, said: So if you bought £1000 Royal Mail shares which have gone up 36% how much do they take out of your 'winnings' for transaction fees etc? Can you flog them right away? if you applied for £750 - £10,000 you got 227 shares So I've made £249 in half an hour , in theory Can't actually sell them until the 15th .... I'll have a look in the meantime to decide if I want to hang on to them or buy more etc more interesting for me will be that Halifax took all the money I wanted to invest on Tuesday and probably wont return the surplus until Monday .... if it's the same for all the share dealing companies then they are sitting on a backet load of peoples money for around a week .. wonder what sort of return they get on all that money Do you have to pay a broker? Is there a fee or percentage taken when buying/selling? Link to comment Share on other sites More sharing options...
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